AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Thursday, September 28
  • CryptoPR
  • Submit Press Release
  • Advertise
  • Partner
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » Latam e-Commerce Giant MercadoLibre Invests $7.8M in Bitcoin
News

Latam e-Commerce Giant MercadoLibre Invests $7.8M in Bitcoin

AB News DeskBy AB News DeskMay 5, 2021Updated:May 5, 2021No Comments1 Min Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
MercadoLibre Invests $7.8M in Bitcoin - AlexaBlockchain
MercadoLibre Invests $7.8M in Bitcoin
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

MercadoLibre joined the ranks of ‘Futuristic Firms’ moving part of their corporate treasury into crypto

Argentina, May 5, 2021 /AlexaBlockchain/ – Latam e-commerce giant MercadoLibre has joined the ranks of ‘Futuristic Firms’ moving part of their corporate treasury to crypto.

MercadoLibre today announced that it has diversified its corporate treasury into Bitcoin, joining the innovative ranks of Tesla and MicroStrategy.

MercadoLibre says that it now holds $7.8 million in Bitcoin on its balance sheet. The company today revealed in a press release related to first quarter 2021 financial results:

“As part of our treasury strategy this quarter we purchased $7.8 million in bitcoin, a digital asset that we are disclosing within our indefinite-lived intangible assets.”

MercadoLibre’s net revenues for the first quarter were $1.4 billion, a year-over-year increase of 111.4% in US$ and 158.4% on an FX neutral basis.

Argentina Bitcoin MercadoLibre
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
AB News Desk
  • Website

AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

More AlexaBlockchain

Finery Markets Joins ClearToken’s Proof of Concept as a Leading Crypto-Native ECN and Trading Technology Provider

September 27, 2023

Chappyz Announces Upcoming Public Round IDO and Strategic Community Partnerships

September 27, 2023

Trezor Wallet Adds Support For BZR Token

September 27, 2023

Altr Launches Digitisation For Physical Collectibles, Will Allow Private Owners To Unlock On-Chain Liquidity

September 26, 2023

3 Best Cloud Mining Websites for Beginners in 2023

September 26, 2023

MicroStrategy Snags 5,445 More Bitcoin

September 26, 2023
Add A Comment

Comments are closed.

Don't Miss

Finery Markets Joins ClearToken’s Proof of Concept as a Leading Crypto-Native ECN and Trading Technology Provider

Chappyz Announces Upcoming Public Round IDO and Strategic Community Partnerships

Trezor Wallet Adds Support For BZR Token

Altr Launches Digitisation For Physical Collectibles, Will Allow Private Owners To Unlock On-Chain Liquidity

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • CryptoPR
  • Advertise
  • Partner
  • About
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2023. AlexaBlockchain
  • About
  • Advertise
  • CryptoPR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.